W Advisors LLC Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

W Advisors LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,985 shares of the credit services provider’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Family Firm Inc. purchased a new stake in PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC boosted its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC grew its stake in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Monness Crespi & Hardt lifted their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.29.

PayPal Stock Performance

NASDAQ PYPL traded down $1.85 during midday trading on Friday, hitting $77.45. The company had a trading volume of 5,763,802 shares, compared to its average volume of 13,606,303. The firm has a fifty day simple moving average of $76.39 and a two-hundred day simple moving average of $67.56. PayPal Holdings, Inc. has a fifty-two week low of $52.55 and a fifty-two week high of $83.70. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $77.65 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.40 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.